Sam Parr ⚪️ on Twitter: "Substack made paid newsletters seem popular. They aren’t. Just in our circle jerk world. But they’ve been around for decades. And thrived. I also don’t via either u or me as newsletter companies. But info brands that happen to use email/newsletters… https://t.co/SVVqSoX61J"

@theSamParr

Love motorcycles and dogs. CEO of The Hustle. Internet entrepreneur and investor. Always scheming. ya, check mark is a joke

San Francisco

Joined July 2012

Country	Code	For customers of
United States	40404	(any)
Canada	21212	(any)
United Kingdom	86444	Vodafone, Orange, 3, O2
Brazil	40404	Nextel, TIM
Haiti	40404	Digicel, Voila
Ireland	51210	Vodafone, O2
India	53000	Bharti Airtel, Videocon, Reliance
Indonesia	89887	AXIS, 3, Telkomsel, Indosat, XL Axiata
Italy	4880804	Wind
3424486444	Vodafone
» See SMS short codes for other countries

Hiten Shah‏Verified account @hnshah May 10

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Hiten Shah Retweeted Austin Rief

Austin is speaking truth here. Very relevant to create a sustainable paid newsletter. By charging for a newsletter you are monetizing your expertise, not anything else.https://twitter.com/austin_rief/status/1259512219311669248 …

Hiten Shah added,

Austin Rief @austin_rief

If you aren't the best in the world at what you write about, you should not have a strictly paid newsletter. You are better off using a newsletter as your top of funnel to drive people to other monetization opportunities.

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5 replies 0 retweets 15 likes

Prashant Pillai‏ @iprashantpillai May 10

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Replying to @hnshah

@theSamParr had some tough advice on this on the Indie Hacker Podcast with @csallen. Some real gold in there!

1 reply 0 retweets 4 likes

Sam Parr ‏ @theSamParr May 10

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Replying to @iprashantpillai @hnshah @csallen

Yeah this take is wrong. Big time wrong. Paid newsletter is paid information. So only do paid info if you’re the best. No. Only do paid info if people want to buy it and like it.

3 replies 0 retweets 7 likes

Louis Nicholls‏ @louisnicholls_ May 10

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Replying to @theSamParr @iprashantpillai and

That’s not the point here. @austin_rief isn’t saying only the best should do paid. He’s saying that - if you’re not the best - you shouldn’t *only* produce a paid newsletter. You need free content etc too. Nothing controversial there IMO.

1 reply 0 retweets 3 likes

Sam Parr ‏ @theSamParr May 10

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Replying to @louisnicholls_ @iprashantpillai and

I just think this is a stupid gate keeping rule. I try my hardest (I fail often) to not make these huge sweeping rules. There are thousands of ways to succeed and achieve a goal.

3 replies 0 retweets 8 likes

Sam Parr ‏ @theSamParr May 10

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Replying to @theSamParr @louisnicholls_ and

And if it matters I do not think Austin is stupid. Opposite. Very smart. Cool guy too.I just think this point is dumb. And I don’t want people to see this and be persuaded not to do something. People do (and in many cases should) follow his advice. But I think this is bad advice

3 replies 0 retweets 7 likes

Austin Rief ‏ @austin_rief May 10

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Replying to @theSamParr @louisnicholls_ and

Appreciate that Sam. Perhaps “best in the world” is too aggressive. My point is simply everyone is following the herd and creating paid newsletters. The problem is, the vast majority of these people aren’t that good. Their content is good, but not good enough to pay 100/year

2 replies 0 retweets 3 likes

Austin Rief ‏ @austin_rief May 10

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Replying to @austin_rief @theSamParr and

So my advice to them is rather than charging and limiting their owned top of funnel, they create a a free relationship with more people, and then charge people later.

1 reply 0 retweets 2 likes

Austin Rief ‏ @austin_rief May 10

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Replying to @austin_rief @theSamParr and

But if you charge for something people don’t want, you are not making money or building an audience over email, a VERY powerful platform.

1 reply 0 retweets 1 like

Sam Parr ‏ @theSamParr May 10

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Replying to @austin_rief @louisnicholls_ and

Substack made paid newsletters seem popular. They aren’t. Just in our circle jerk world. But they’ve been around for decades. And thrived. I also don’t via either u or me as newsletter companies. But info brands that happen to use email/newsletters

12:24 PM - 10 May 2020

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